Thomas Earl Sells 500,000 Shares of Venture Global (NYSE:VG) Stock

Key Points

• Insider Thomas Earl sold 500,000 shares of Venture Global stock for $6,845,000, following additional significant sales earlier that week.
• Venture Global has announced a new dividend of $0.017 per share, representing a yield of 50.0%, set to be paid on September 30th.
• Analysts have upgraded the stock rating with a consensus target price of $17.00, reflecting growing confidence in Venture Global's performance.

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 500,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Earl also recently made the following trade(s):

• On Thursday, September 11th, Thomas Earl sold 840,076 shares of Venture Global stock. The shares were sold at an average price of $13.74, for a total value of $11,542,644.24.
• On Friday, September 12th, Thomas Earl sold 159,924 shares of Venture Global stock. The shares were sold at an average price of $13.59, for a total value of $2,173,367.16.

Venture Global Stock Performance

Shares of Venture Global stock traded down $0.60 during trading hours on Friday, reaching $13.24. The company had a trading volume of 49,645,038 shares, compared to its average volume of 8,585,168. The business has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $12.54. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

Venture Global Increases Dividend

The firm also recently disclosed a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.017 dividend. This represents a yield of 50.0%. The ex-dividend date is Friday, September 19th. This is a positive change from Venture Global's previous half year 25 dividend of $0.02.

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the second quarter valued at about $26,000. AdvisorNet Financial Inc acquired a new position in shares of Venture Global during the 2nd quarter worth about $28,000. Center for Financial Planning Inc. acquired a new stake in Venture Global in the 1st quarter valued at about $37,000. Delos Wealth Advisors LLC bought a new position in Venture Global in the 2nd quarter valued at about $45,000. Finally, Future Financial Wealth Managment LLC bought a new position in Venture Global in the second quarter valued at approximately $47,000.

Analyst Ratings Changes

VG has been the topic of several recent research reports. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. UBS Group raised shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research note on Monday, August 25th. Bank of America raised their price target on shares of Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company raised their price objective on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Finally, Tudor Pickering upgraded Venture Global to a "hold" rating in a research report on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.